Oil companies said, back when crude oil cost $145 a barrel, that exploration and construction costs were too high for them to invest much in drilling and refining. Exxon, for instance, spurned any project that…
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One cheer for Exxon
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Chevron’s moral liabilities
11-26-08 by dugan A jury in San Francisco is deliberating whether Chevron is liable for a shooting spree by Chevron-paid Nigerian troops against protesters aboard an oil platform a decade ago. No matter what the…
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Exxon’s go-slow strategy backfires
Here’s a case that lights up Exxon’s strategy of reaping all the profit it can, while balking at actually developing new U.S. oil and natural gas resources. Exxon and a few partners recently lost their…
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What Exxon owes us ‘sissies’
11-17-08 by dugan Sitting inside the wreckage of the rest of the U.S. economy, Exxon Corp. beams with fiscal health. It is protected by its insular, petroleum-only culture, as described in a long NY Times…
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Back to $100 Oil, Unless…
11-7-08 by dugan The big consumer news today is continuously dropping gasoline prices, down to $2.31 a gallon nationally and below $2.00 in one state, Missouri. Drivers are still keeping their cars in…
Press Release
Exxon, Shell Post Record Profits
Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went’; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan,…
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Musical chairs in big oil
10-26-08 by dugan If the oil business were competitive, somebody might feel sorry for BP. The British-based oil giant dropped today to No. 4 among the Big 5 companies, dipping below Chevron in total worth….
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Chevron’s emit-for-free strategy
10-23-08 by dugan Australia has a lot in common with the United States. It’s a nation of immigrants with a cowboy-style history and a strong love of individual rights. Aussies do put shrimp instead of…
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Panic in the oil business
10-16-08 by dugan As the price of oil dropped today to less than $70 a barrel (that would be $1.67 a barrel), the industry was in a panic. OPEC, the Prmarily Middle Eastern oil…
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Oil profiteering, both ways
10-9-08 by dugan It’s almost time for oil companies to tell us how astounding their "earnings" were in the last three months–how, as the economy tumbled deep into recession and Americans lost their jobs and…
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Silence of the Greens
10-2-08 by dugan OilWatchdog loathes greenwash P.R. by oil companies pretending to be good green citizens. But a revelatory new book points to major environmental groups as enablers of this corporate greenwash. Christine…
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Petunia in the Mojave
10-1-06 by dugan Back from the dead. No, not just the bailout bill, but tax credits for wind and solar energy projects, which for months have been a pawn in the battles of dysfunctional…
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Exxon’s new “Pal-in” high places
9-30-08 by dugan Alaska Gov. Sarah Palin has opposed any federal declaration that polar bears are endangered, saying she checked the research and it backs up her denials of human-caused global warmin. But her "research"…